Ashburton Investments’ Jersey-domiciled Chindia Equity Fund has been recognised for the second consecutive year at the prestigious investment industry Raging Bull awards in South Africa. 

The gala Awards ceremony took place in Johannesburg, South Africa, last week (25th January), with Ashburton’s Chindia Fund, which is managed by Jersey-based investment managers Craig Farley and Jonathan Schiessl and, being named ‘Best Offshore FSB-Approved Far East Equity General Fund’ based on its 2016 risk-adjusted performance.

It is the second consecutive year the fund has won that category, whilst it also celebrated its tenth anniversary in December, finishing 2016 delivering a total return of more than 27%, compared to the industry benchmark of -6.37% (MSCI Emerging Markets Index, December 2016).

The Raging Bull Awards, now in their 21st year, are designed to recognise the best performing funds available to South African investors and their managers, with more than 1,000 funds competing right across the Awards’ range of categories.

Commenting on the outlook for China and India in 2017, Lead Manager Craig Farley said: 

“Against an interesting geopolitical backdrop, investors are busy postulating over prospective returns and what 2017 may hold in store. Overall, we continue to see both China and India as compelling propositions, with each country positioned well to benefit from the growth drivers it needs most – China through consumption, India through investment. Combined with decisive government mandates and reform agendas that address the most pressing needs of each economy, China and India both continue to offer good long-term investment opportunities.”

Commenting on the accolade, CIO (International) Jonathan Schiessl said: 

“It’s a great honour for our Chindia Fund to be recognised once again through these awards, particularly after marking its 10th anniversary in December. To receive this accolade in such a competitive and volatile market is a fantastic achievement, reflecting the hard work of our investment team and all those who contribute to the management of this Fund.”

Launched in 2006, the Ashburton Chindia Equity Fund aims to achieve long-term capital growth through equity or equity-related investments in the stock markets of China and India.  Since its inception its performance has been strong, having featured in the top quarter of comparable funds every year for the past three years.

Photo: Craig Farley